MORT-SAR-001Critical Risk
structuring
Red Flag
Borrower is the subject of a prior SAR filed by another financial institution for suspicious activity, and the new application does not disclose this history or explain the prior findings.
Industry
Mortgage Companies
Transaction Type
other
Customer Type
individual
Category
Regulatory Source
Document:SAR Activity Review
Type:SAR Activity Review
CFR Citation:31 CFR §1029.320
SAR Category:Suspicious activity
FinCEN Key Term:Prior SAR Subject
Last Verified:2026-04-15
This red flag is provided for informational and educational purposes only. It is not legal, regulatory, or compliance advice. Always consult the official source document and a qualified compliance professional for guidance specific to your situation.